Ascena Retail Group, Inc. Announces Holiday Sales Results
Ascena Retail Group, Inc.(NASDAQ:ASNA)today announced sales results for the combined November and December Holiday period endedDecember 28, 2013. The Company also announced that, due to lower than planned Holiday sales, it is lowering earnings per share guidance for its current fiscal year endingJuly 26, 2014.
The Company noted that combined comparable store and e-commerce sales for the fiscal months of November and December increased 1% on a consolidated basis. The Company’s comparable store and e-commerce sales data is summarized below:
Combined Fiscal November and December
David Jaffe, President and Chief Executive Officer ofAscena Retail Group, Inc., commented, “A challenging Holiday selling season resulted in increased promotional activity. We successfully cleared excess inventory and have taken the necessary markdowns in the second quarter to transition cleanly into the spring season. As a result, we now believe full year adjusted diluted earnings per share guidance in the range of$1.10 to $1.15is more appropriate, versus our previous guidance of$1.25 to $1.30.”
The Company noted that its updated guidance for Fiscal 2014 excludes one-time, acquisition-related integration, restructuring and purchase accounting costs that may be incurred related to the Charming Acquisition. The Company further noted that its guidance is based upon various assumptions, including low single-digit spring season comparable store sales and continued double-digit e-commerce sales growth. For the full year, the Company continues to plan to open approximately 185 stores and close approximately 135 stores, ending the fiscal year with approximately 3,900Justice,Lane Bryant,maurices,dressbarnandCatherinesstores in operation.
The Company commented that it will be presenting at the 16thAnnualICR XChange Conferenceto be held at theJW Marriott Orlando Grande LakesinOrlando, FloridaonMonday January 13th9:30am EST. TheAscena Retail Groupinvestor presentation will be webcast live and can be accessed at www.ascenaretail.com
YesStyle and YesAsia Sponsor U-KISS in NYC
Online retailers YesStyle and YesAsia are proudly sponsoring the
New York leg of U-KISS First U.S. Tour,
organized by Mnet America. The first stop of the first United
States tour from South Korean boy-band U-KISS, the concert takes place
on January 9, 2014 at the Best Buy Theater in New York City, and will be followed by performances in
San Francisco on January 11,
and in Los Angeles. YesStyle and YesAsia are
giving away VIP experience packages containing concert tickets and backstage
passes via their Facebook pages.
Six-member South Korean boy-band U-KISS consists of members
Soohyun, Kiseop, Eli, AJ, Hoon and Kevin, and was formed by NH Media in 2008.
The group name is an acronym that stands for Ubiquitous Korean International
idol Super Star. U-KISS is known for being multilingual, with members boasting
fluency in Korean, English, Japanese, Mandarin Chinese, Cantonese Chinese,
Spanish, and Portuguese. Aside from a homegrown K-pop career, the group has
recorded Japanese-language albums, and has also participated in television
dramas, variety shows and films.
The largest online retailers of Asian fashion and entertainment
products, YesStyle and YesAsia are known for the depth and variety of their
Korean entertainment, fashion and lifestyle products. The companies'
involvement with Asian arts and fashion is reflected in their support of Asian
artists and events, including many K-pop events like Super Junior's Super Show
5 World Tour in London, CN Blue's Blue Moon
World Tour in Sydney, the 11th Korean Music
Festival at the Hollywood Bowl in Los Angeles,
K-Pop Festival - Music Bank Hong Kong 2012, and the Wonder Girls Wonder World
Tour 2012 in Singapore. Previously, YesStyle and
YesAsia sponsored KCON 2013, a Korean entertainment convention in Los Angeles also organized by Mnet America.
Angela S. Killoren, Chief Marketing Officer,
CJ E&M, expressed her appreciation of YesStyle and YesAsia's sponsorship.
"As the U.S. home for the best of Asian entertainment, Mnet America
appreciates YesStyle and YesAsia's long-standing support," said Lee.
"Our latest partnership for the U-KISS First U.S. Tour's New York engagement reflects our shared commitment to
getting fans around the world closer to the excitement of KPOP."
About U-KISS First U.S. Tour
The first United States tour from K-pop boy-band
U-KISS, the U-KISS First U.S. Tour is a three-stop concert tour taking place in
early 2014. Performances and dates include January 9th
at the Best Buy Theater in New York City, January 11th at the Warfield Theater in San Francisco, and January 14th
at Club Nokia LA Live in Los Angeles. U-KISS
First U.S. Tour is organized by Mnet America, a youth entertainment brand using
video, digital, experiential and social media channels to reach fans of Asian
pop culture, lifestyle and entertainment in the United
States. Mnet America is the first U.S. television property of CJ
E&M, Asia's leading entertainment company
and a unit of the CJ Group. For more information, visit http://www.mnetamerica.com
About YesStyle YesStyle is the world's largest online Asian fashion retailer,
offering a wide range of high-quality fashion, jewelry, accessories and beauty
products, all carefully selected by in-house stylists. Launched in 2006, http://www.yesstyle.com
allows customers to browse over 300 fashion brands from Tokyo, Seoul, Taipei and Hong Kong.
To serve growing customer bases around the world, YesStyle launched http://www.yesstyle.com.au
and http://www.yesstyle.com.hk in 2010, http://www.yesstyle.co.uk and http://www.yesstyle.ca
in 2011. Highlighting the latest trends and styles, YesStyle is dedicated to
providing the best platform for Asian designers and fashion brands to connect
with international customers.
About YesAsia Founded in 1998, YesAsia.com is headquartered in Hong Kong with regional offices in Japan and South Korea.
YesAsia.com has carved itself a niche as a leading Internet source for a wide
range of Asian entertainment products, including music, videos, anime, games,
books, electronics, toys and collectibles. YesAsia.com has a global base of
over one million customers in more than 150 countries. For more information,
Thank you for reading this article on the Fashion Newspaper.
L Brands, Inc. reported net sales of $2.098
billion for the five weeks ended Jan. 4, 2014,
compared to net sales of $1.947 billion for the
five weeks ended Dec. 29, 2012. The company
reported a comparable store sales increase of 2 percent for the five weeks
ended Jan. 4, 2014, compared to the five weeks
ended Jan. 5, 2013.
The company reported net sales of $10.042
billion for the 48 weeks ended Jan. 4, 2014,
an increase of 6 percent compared to net sales of $9.472
billion for the 48 weeks ended Dec. 29,
2012. The company reported a comparable store sales increase of 2 percent
for the 48 weeks ended Jan. 4, 2014, compared to
the 48 weeks ended Jan. 5, 2013.
The company now expects fourth quarter earnings per share of
approximately $1.60, compared to its previous
forecast of $1.67 to $1.82. The decrease
versus its previous forecast is primarily the result of lower than forecasted
merchandise margins due to incremental promotional activity.
To hear further commentary provided on L Brands' prerecorded
December sales message, call 1-866-639-7583 (1-866-NEWS-LTD), or log onto www.lb.com for an audio
ABOUT L BRANDS: L Brands, through Victoria's Secret, Pink, Bath & Body
Works, La Senza and Henri Bendel, is an
international company. The company operates 2,659 specialty stores in the United States and its brands are sold in about 800
company-operated and franchised additional locations world-wide. The
company's products are also available online at www.VictoriasSecret.com,
Thank you for reading this apparel company article on the
Century 21 The Big Game Sweepstakes
Century 21 Department Store announced today it will give away
two tickets to the most anticipated game of the year and a $250 Century 21 gift card to one lucky winner in
"The Big Game" sweepstakes.
For three weeks only starting today, December
30th through January 20th,
Century 21 shoppers can enter to win the big prize online at C21Stores.com/biggame.
The winner will be announced via e-mail on Friday, January
About Century 21 Department Store:
Century 21 Department Store, established in 1961, is legendary for its
exceptional offering of pure designer merchandise in every category at 40-65%
off retail every day. A leader in high-end fashion retail for over 50 years, Century
21 Department Store offers men's, women's and children's apparel, footwear,
outerwear, lingerie and accessories along with cosmetics and home goods at
select stores. The retailer is headquartered in Downtown
Manhattan, with four other locations in New York
including Lincoln Square, Brooklyn,
Queens, Long Island
and three additional locations in New Jersey
including Paramus, Morristown
and Elizabeth as well as online at C21Stores.com.
The Jones Group Announces Agreement To Be Acquired
The Jones Group Inc. (NYSE: JNY) ("The Jones Group" or the "Company") and Sycamore Partners yesterday announced that they have entered into a definitive agreement pursuant to which affiliates of Sycamore Partners will acquire The Jones Group for$15.00per share in cash, or a total of approximately$1.2 billion. The transaction is valued at approximately$2.2 billion, including net debt. Upon completion of the transaction, The Jones Group will become a privately held company.
Under the terms of the agreement, The Jones Group's shareholders will receive$15.00in cash for each share of The Jones Group's common stock. This represents a premium of approximately 19% to The Jones Group's 30-day volume weighted average stock price for the period endedApril 11, 2013, the last trading day prior to when media speculation began regarding the Company's plans to sell all or parts of its portfolio. The agreement was unanimously approved by The Jones Group's Board of Directors.
Sidney Kimmel, The Jones Group Founder and Chairman of the Board of Directors, said: "We are pleased to have reached this agreement, which we believe is a positive development for all of our stakeholders. This business, which I founded nearly 45 years ago, has expanded into a global portfolio of powerful brands. I am proud of our heritage and believe The Jones Group's brands will thrive through our partnership with Sycamore."
Wesley R. Card, The Jones Group Chief Executive Officer, said: "This transaction is a result of diligent analysis and thoughtful strategic deliberations over many months with the assistance of our advisors. This all-cash transaction delivers immediate and compelling value to our shareholders. Sycamore Partners is an experienced investor in the retail sector, and, as a private company, Jones will have the flexibility to help our brands reach their true potential. We look forward to continuing to deliver exceptional products that resonate with our customers."
Stefan Kaluzny, Managing Director of Sycamore Partners, said: "We are honored that the Board of The Jones Group has entrusted Sycamore Partners as the steward of this portfolio of iconic brands. We look forward to a successful partnership with the Company's talented associates as we continue to serve The Jones Group's many loyal customers."
The acquisition, which is structured as a one-step merger with The Jones Group as the surviving corporation, is subject to customary closing conditions, including receipt of shareholder and regulatory approvals. The acquisition requires the affirmative vote of a majority of the votes cast by the holders of outstanding shares of the Company's stock, which will be sought at a special meeting of shareholders. The transaction is currently expected to close in the second quarter of 2014.
In connection with the merger agreement,Wesley R. CardandRichard Dickson, President and Chief Executive Officer, Branded Businesses at The Jones Group, who in the aggregate are holders of approximately 2.9% of the Company's stock, have each signed customary support agreements pursuant to which they have agreed to vote their shares in favor of the merger.
Citigroup Global Markets, Inc. is acting as lead financial advisor to The Jones Group and Peter J. Solomon Company is acting as financial advisor to the Company's Board of Directors. Cravath, Swaine & Moore LLP is acting as legal advisor to The Jones Group and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to the independent directors of the Company's Board of Directors. BofA Merrill Lynch and Guggenheim Securities, are acting as financial advisors to Sycamore Partners. Winston & Strawn LLP, Simpson Thacher & Bartlett LLP and the Law Offices ofGary M. Holihan, P.C. are acting as legal advisors to Sycamore Partners.
About The Jones Group Inc.
The Jones Group Inc. (www.jonesgroupinc.com) is a leading global designer, marketer and wholesaler of over 35 brands with product expertise in apparel, footwear, jeanswear, jewelry and handbags. The Jones Group has a reputation for innovation, excellence in product quality and value, operational execution and talent. The Company also markets directly to consumers through branded specialty retail and outlet stores, through concessions at upscale department stores and through its e-commerce sites.
The Company's internationally recognized brands and licensing agreements (L) include: Nine West, Jones New York,Anne Klein,Kurt Geiger,Rachel Roy(L),Robert Rodriguez, Robbi & Nikki,Stuart Weitzman,Brian Atwood(L), Boutique 9, Easy Spirit, Carvela,Gloria Vanderbilt, l.e.i., Bandolino,Enzo Angiolini, Nine & Co., GLO, Joan & David, Miss KG, Kasper, Energie, Evan-Picone,Le Suit, Mootsies Tootsies, Grane, Erika, Napier,Jessica Simpson(L), Givenchy (L),Judith Jack,Albert Nipon, Pappagallo and Rafe (L).
About Sycamore Partners
Sycamore Partners is a private equity firm based in New York. Sycamore raised its first fund in 2011 with more than$1 billionin commitments from leading foundations, endowments, family offices, pension and sovereign wealth investors. Sycamore specializes in consumer- and retail-related investments, and its strategy is to partner with established management teams to improve the operating performance of their businesses. The firm's investment portfolio currently includes Hot Topic, Inc.; The Talbots, Inc.; MGF Sourcing; and Pathlight Capital. For more information, please visitwww.sycamorepartners.com.
Loehmann's Going Chapter 11 Again
Loehmann's has filed for
bankruptcy and plans to liquidate its business.
Loehmann's Holdings filed for
Chapter 11 bankruptcy protection in federal bankruptcy court in Manhattan this
past Sunday (December 15, 2013). They
indicated in filings that it plans to sell its remaining assets in an auction
subject to the court's approval.
The New-York based retailer,
which has 39 stores and its online operations, said in a statement that its
business was effected by increased competition in the off-price retail niche
and limited access to capital.
The company had previously filed
for bankruptcy protection in 2010 due to overwhelming debt and emerged in 2011.
It also filed for Chapter 11 reorganization in 1999, emerging in 2000 after
closing 25 stores.
SB Capital Group, Tiger Capital
Group and A & G Realty Partners, which have handled other retailer
liquidations, have agreed to make an initial bid of $19 million for Loehmann's
assets, according to court documents. The auction is expected to begin Dec. 30
and be approved by the court in early January.
Elegance undone, imbued with unmistakable sex appeal, inspired
by the feeling of freedom and the warmth of the sun. Kate
Moss strips down, literally and figuratively, in Stuart Weitzman's Spring 2014 ad campaign
to reveal the definitive essence of effortless summer style. Photographed again
by Mario Testino, in keeping with what is now an
iconic visual vocabulary, the campaign invokes a sun-kissed and sensual energy,
hinting at long, languid days in St. Tropez, with luxury footwear that
seduce from day to night
Minimal make-up, wet hair and barely-there cover-ups enhance
this laid-back, luxe Bohemian look. It provides a glimpse of the supermodel at
her most beautiful. Sublime simplicity. Such simplicity is a key theme for the
new Stuart Weitzman collection, evidenced most distinctly with the introduction
of THE NUDIST. Sexy, strappy, sleek, minimal – this sandal is as close to bare
as a fashionable foot can get.
Moss, who debuted as the face of the Stuart Weitzman brand in
the Spring 2013 ad campaign, was chosen because of her unparalleled status as a
global style icon. Moss exudes a sense of style and confidence that every woman
aspires to emulate and in 2014, she is walking in Stuart Weitzman shoes.
In the world of Stuart Weitzman, "sexy" means being
comfortable and confident in your own skin, and the campaign captures this
essence in a relaxed, effortless, chic way while clearly showcasing the new
season's essential silhouettes. The international advertising campaign will
launch in the United States, Italy, France, England, Canada, Dubai, Germany, Spain and Asia. Outdoor
advertising (billboards and kiosks) will run in Los
Angeles, New York, Miami, Milan, Paris and Hong Kong.
Behind-the-scenes video and additional creative content will be featured on www.stuartweitzman.com
and in Stuart Weitzman boutiques worldwide.
Stuart Weitzman is a division of The Jones Group Inc. (NYSE:
ABOUT STUART WEITZMAN
A little obsessed with
Stuart Weitzman Holdings LLC, a global leader in designer
footwear, operates 45 retail stores across the United
States, including New York, Beverly Hills, Chicago,
Boston and Las Vegas. The company also has
59 international stores and is sold in more than 70 countries. A luxury brand built upon the
idea of creating a beautifully constructed shoe, founder and designer Stuart
Weitzman's main objective has always been to merge fashion and function. The
first thing a women puts on in the morning and the last thing she takes off at
night, his shoes are designed to feel as good as they look and to look as good
as they feel.
ABOUT THE JONES GROUP INC.
The Jones Group Inc.
is a leading global designer, marketer and wholesaler of over 35 brands with
product expertise in apparel, footwear, jeanswear, jewelry and handbags.
The Jones Group has a reputation for innovation, excellence in product quality
and value, operational execution and talent. The Company also markets
directly to consumers through branded specialty retail and outlet stores,
through concessions at upscale department stores and through its e-commerce
The Company's internationally recognized brands and licensing
agreements (L) include: Nine West, Jones New York, Anne
Klein, Kurt Geiger, Rachel
Roy (L), Robert Rodriguez, Robbi &
Nikki, Stuart Weitzman, Brian Atwood (L), Boutique
9, Easy Spirit, Carvela, Gloria Vanderbilt,
l.e.i., Bandolino, Enzo Angiolini, Nine & Co.,
GLO, Joan & David, Miss KG, Kasper, Energie, Evan-Picone, Le Suit, Mootsies Tootsies, Grane, Erika, Napier, Jessica Simpson (L), Givenchy (L), Judith Jack, Albert Nipon,
Pappagallo and Rafe (L).
Thank you for reading this fashion industry news article on the
Robert Graham is very pleased to announce that it has signed a
new lease agreement to open a branded retail store featuring the full Robert
Graham collection in The Shops at Mohegan Sun. The store will carry the
complete range of Robert Graham, including men's sportswear, premium denim,
footwear, furnishings, accessories, outerwear, and women's sportswear.
The Cato Corporation reported sales for the five weeks ended January 4, 2014 of $100.1 million,
a 3% decrease from sales of $103.3 million for the
five weeks ended December 29, 2012.
Same-store sales for the month decreased 4%.
Seattle-based Nordstrom, Inc. announced plans to open a Nordstrom
Rack at The Greene Town Center in Dayton,
Ohio. The approximately 35,000-square-foot store is scheduled to open in
fall 2014. The Greene is managed by Olshan
Properties, formerly known as MPI, Mall Properties, Inc.
Swiss watchmakerURANIUM WATCH
invents watch skins and creates an exclusive, innovative customizable
concept for watches. Now, a single watch can be transformed infinitely and
adapted as much as its owner desires to match clothing, shoes, bags or total
look and style.
URANIUM WATCH wristwatches can change looks according to fashion
trends, making them awesomely in.
With this elegant, functional, sporty, chic, unisex and
endlessly transformable collection, URANIUM Watch is targeting global
markets covering every age group, and is also addressing the needs of
promotions and events professionals.
URANIUM Watch has set an affordable pricing policy
for this new, exclusive collection: starting prices are from 59 (75$) and the
U-skins to change looks are only 5 (6.5$).
The watches are sold through specialized outlets (watch or
jewelry stores, clothing or fashion accessory stores) and department stores,
where each distributor can define looks adapted to the point of sale. The
watches are also sold over the internet on the brand's official site: http://www.uraniumwatch.com
ABOUT URANIUM WATCH:
URANIUM WATCH is a Swiss corporation specializing in the
manufacture of innovative watches.
Come and meetURANIUM Watchat
the nextPrintor/Bijorhcatrade show in Paris from 24 to 27 January 2014.
Brazilian "Strawberry Pink" Diamond Ring Available by
An extremely rare Natural Fancy Vivid Purplish Pink Diamond from
Brazil, known as the Strawberry Pink, is
available by appointment only at select One and Only One™ locations nationwide.
The 2-carat cushion-cut Strawberry Pink Diamond, VS1, is flanked by a pair of
Natural Fancy Blue Diamonds (0.94 carat), set on a ring of platinum and rose
gold. All three diamonds are accompanied by certificates from the Gemological
Institute of America (GIA). The price of the ring is available upon request.
"The color of this Brazilian Pink Diamond is so highly
saturated it actually displays mysterious flashes of red," said Joe Padulo, CEO of Padulo Privé, an adviser to elite
jewelers and luxury brands. "When you consider the staggering performance
of Pink Diamonds at auction in the past three years, the Strawberry Pink will
no doubt find its way to the portfolio of a discerning investor."
On November 12, 2013, at Sotheby's Geneva, New York-based diamond cutter Isaac Wolf beat three other bidders, two of them from
the Far East, to buy the Pink Star, a 59.60-carat Fancy Vivid Pink Diamond, for
$83 million. This is a record price for any gemstone
at auction. The previous record was held by the Graff Pink, a 24.78-carat Fancy
Intense Pink that was sold for $45.6 million in
2010, at Sotheby's Geneva. The 34.65-carat
Princie, a Fancy Intense Pink, raised $39.3 million
at Christie's in New York last April.
"Frankly, when I sold the Graff three years ago, I thought
it would be a record for a very long time. Tonight's price is really quite
extraordinary three years later," Sotheby's auctioneer David Bennett told Reuters on November
12, 2013, "It means the three top prices paid for gemstones are all
Of all diamond colors, pink is the most intriguing. Unlike other
colored diamonds, the phenomenon of Natural Pink Diamonds is a scientific
mystery. It is thought that the color is created by a twist within the atomic
lattice during formation, the result of immense heat and pressure beneath the
earth's surface. Heavily saturated pure pinks and purplish pinks are considered
prized collectibles, with prices reflecting their rarity and desirability.
To make an appointment to view the Natural Fancy Vivid Purplish
Pink Diamond Ring, please visit: www.TheOneAndOnlyOne.com.
RG Barry Brands has
named Jeff Cosgrove to head its Foot Petals
Business Unit, effective immediately.
Mr. Cosgrove has most recently served as the Company's Vice
President, Sales & Merchandising and Off-Price Channel Sales.
"Jeff has filled several critical sales and merchandising
roles with us since joining our team in November 2008,
and we believe he is the right leader to drive continued growth in our comfort
insert business while aligning that business with the vast changes currently
taking place in the retail marketplace," said Greg
Tunney, President and Chief Executive Officer.
Foot Petals founder Tina Aldatz
added, "Having worked with Jeff, I am excited about his balanced
background with both large footwear brands and as an entrepreneur. His unique
skill set and leadership experience will allow our team to grow the business
while maintaining the original designer vision of providing comfort solutions
that allow women to wear the shoes they love."
Cosgrove brings extensive senior level management experience to
his new role including stints as Executive Vice President of Easy Spirit brand
Sales and Operations at US Shoe and Executive Vice President Marketing and
Sales while at Rockport. He also held sales
positions with Wolverine Worldwide and Brown Shoe. Cosgrove is a graduate of Shippensburg University, Shippensburg,
PA, and will continue to be based at RG Barry's suburban Columbus headquarters.
About RG Barry RG Barry creates and markets accessories brands and fashionable,
solution-oriented products for a great life. In addition to Foot Petals, our
primary brands include Dearfoams slippers dearfoams.com; and baggallini handbags, totes and travel
To learn more, visit us at rgbarry.com.
--Shoppers can seize once-in-a-lifetime discounts on men's and
women's designer clothes
After almost 93 years, Loehmann's, the premier upscale off-price
specialty retailer that originated the concept, is going out of business.
The U.S. Bankruptcy Court in Manhattan
approved an order authorizing a joint venture formed by SB Capital Group, LLC,
Tiger Capital Group, LLC, and A & G Realty Partners, to conduct "Going
Out of Business" sales in each of Loehmann's 39 locations in 11 states and
the District of Columbia. More than $65 million
of current in-season inventory and new arrivals from many of the top designer
names will be liquidated during the sale, which begins tomorrow, January 9.
Chic-Finder (www.chic-finder.com), an online fashion
social search engine, has launched its similar named mobile application
targeted towards fashion-conscious iOS users.
Wang Gang, founder of Chic-Finder, created the
fashion start-up to accommodate women around the globe with the ease of finding
visually similar clothing, shoes and bags that they desire according to their
"We want to bring the experience closer to the user. Using
the app, users can now snap a picture of that stylish stranger, the celebrity
in the magazine, expensive fashion products they see in the shopping malls or
even the dress worn by a character in TV.
"They just need to upload to get instant results. From
there, they can explore through the selection and find an alternative to
purchase on the spot," said Wang Gang.
"It's fast and efficient as it saves the user time and
frustration from having to browse the Internet for hours to find a similar
"Furthermore, we are affiliated with around 300 global
ecommerce stores and with over a million products in our catalogue, there is
bound to be something for everyone. This is also definitely faster than getting
a personal stylist who will only find similar items limited to their
store," he further explains.
Hoping to create a bustling and dynamic fashion community, users
can choose to search, discover and create collections, shop or head on to the
trending section to know more about what the majority of users are buying. With
a high-tech team that's consistently improving the brain behind the technology,
the algorithm is often reworked to ensure best results are delivered.
However, with chaotic backgrounds and clutter in the picture,
will it still be able to generate results that are visually similar?
"Definitely," said Gang.
"We understand the importance of having a seamless search
process for the user. We have spent close to a year in perfecting a technology
that delivers impressive visual results even with bad conditions such as bad
lighting or a messy background. The science behind the search is perceptive
enough to differentiate what should be searchable," he further added.
Free to download, Chic-Finder is available at the App Store from
2ndJanuary 2014 onwards.
About the Team
Led by Wang Gang who has over 8
years of experience in computer vision, the Chic-Finder team has a combined
experience of 25 years in computer vision, software engineering, mobile
development and fashion industry. Passionate about creating visual
solutions that is beneficial to digital businesses, the team is constantly
innovating new solutions that could help create more engagement and interaction
between users and the
Learn more about this fashion app at http://www.chic-finder.com/app/